Secret Service has confiscated and returned to states about $2B in stolen Covid unemployment relief funds, agency officials say.
Programs in at least 30 states received the money after the agency determined recipients had fraudulently applied for pandemic-related unemployment.
He said the $2 billion returned to the states was a “conservative estimate” and that pandemic-related fraud investigations are ongoing. He said last year that the Secret Service sent advisories to financial institutions to flag possibly fraudulent accounts where the money may have been deposited.
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